Teacher Retirement System of Texas Makes New $518,000 Investment in PennyMac Financial Services, Inc. (NYSE:PFSI)

Teacher Retirement System of Texas bought a new stake in PennyMac Financial Services, Inc. (NYSE:PFSI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,074 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in shares of PennyMac Financial Services by 231.9% in the 3rd quarter. FMR LLC now owns 1,166,998 shares of the real estate investment trust’s stock worth $133,003,000 after purchasing an additional 815,389 shares during the last quarter. Quantbot Technologies LP boosted its holdings in PennyMac Financial Services by 23.7% during the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 290 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of PennyMac Financial Services by 88.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,508 shares of the real estate investment trust’s stock worth $2,109,000 after buying an additional 8,702 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of PennyMac Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,324 shares of the real estate investment trust’s stock valued at $10,978,000 after acquiring an additional 669 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of PennyMac Financial Services in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 57.87% of the company’s stock.

Insider Buying and Selling at PennyMac Financial Services

In other PennyMac Financial Services news, CRO Abbie Tidmore sold 2,669 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $102.55, for a total transaction of $273,705.95. Following the sale, the executive now directly owns 4,878 shares of the company’s stock, valued at $500,238.90. The trade was a 35.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Spector sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $99.38, for a total value of $496,900.00. Following the completion of the transaction, the chief executive officer now owns 165,604 shares of the company’s stock, valued at $16,457,725.52. The trade was a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,054 shares of company stock worth $4,478,386. Corporate insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PFSI shares. Piper Sandler lowered their target price on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.17.

PennyMac Financial Services Stock Down 0.2 %

PennyMac Financial Services stock opened at $100.12 on Tuesday. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The company has a 50 day moving average of $102.87 and a 200-day moving average of $104.47. The stock has a market capitalization of $5.15 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. On average, equities research analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio is presently 20.55%.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.